Answer:
$61,500.
Explanation:
Given that,
Beginning cash balance on September 1 = $7,500
Cash receipts from credit sales made in August:
= $150,000 × 70%
= $105,000
Cash receipts from credit sales made in September:
= ($150,000 × 1.20) × 30%
= $54,000
Cash disbursements from purchases made in August:
= $100,000 × 75%
= $75,000
Cash disbursements from purchases made in September:
= $120,000 × 25%
= $30,000
Ending cash balance September 30:
= Beginning cash balance + Cash receipts from credit sales made in August + Cash receipts from credit sales made in September - Cash disbursements from purchases made in August - Cash disbursements from purchases made in September
= $7,500 + $105,000 + $54,000 - $75,000 - $30,000
= $61,500.
Carpentry has apprenticeship programs.
Answer:
A. True
Explanation:
The product life cycle is a term that describes a form of structure or arrangement of sales and profits of a product in a given time.
However, due to volatile marketing conditions, it is TRUE, that the sales and profits of an individual product may or may not follow the life cycle of the general pattern.
Hence, the correct answer in this situations is absolutely TRUE
Answer:
Option (C) is correct.
Explanation:
Based on given information, the bank's excess reserves occurs when $2,000 is deposited in the bank as a form of cash.
The reserve ratio = 10%
= 0.1
Bank's reserve = Deposit amount × Reserve ratio
= $2000 × 0.1
= $200
Bank lends to a borrower = $1500
So, bank's excess reserve:
= Deposit amount - Bank's reserve - Bank's lending amount
= $2,000 - $200 - $1,500
= $300
Therefore, as a consequence of these transactions, the bank's excess reserves are increased by $300.
It depend on the price change if it increases sales will go down and demand will go down if it decreases sales go up demand goes up
